LME prices down amid oil price volatility; LME Cash–3M contango remains above $... per mton
July 6, 2021
1. LME prices down toward support at $... per mton amid oil price volatility.
2. SHFE aluminum prices fall; Chinese aluminum state reserves sold at relevant discounts.
3. LME nearby contangos loosen above $... per mton, but backwardations remain steep after October.
More details in full report.